Just-Dice.com : Invest in 1% House Edge Dice Game

[Dabs]

You probably mean the password or 2fa credentials for those accounts. All private keys of JD are with dooglus, of course.

[Jimmy_Zed]

Another gambling game ! That's just what we needed , very innovative

[cryptasm]

Another gambling game ! That's just what we needed , very innovative

Uhm what?=P

[cryptasm]

doog should just move to a third world country where they don't have those regulations...to some nice beach

[dooglus]

I guess many of these BTC have their private keys lost. Nobody ever knows the percentage of actually destroyed bitcoins due to negligence. It's not only the sum that was invested in it's peak, there was certainly some investing/divesting cycles going on so the total sum turned around by the investors is probably > 10.000 BTC. Few percents of BTC being carelessly handled is to be expected.

At the peak we reached something like 65k BTC in the bankroll. Maybe you missed a zero in your guess.

And as Dabs states, this isn't a question of lost private keys (although if I were to do this all again, it would be - multisig is the way forward I think).

Another gambling game ! That's just what we needed , very innovative

It was, back when it launched. Nowadays it's kind of old hat.

[dooglus]

so dooglus what are you going to do if those coins are still unclaimed for the next 5 yrs?

I really don't know.

People keep telling me I should do a big giveaway with them, but they're not mine to give away.

I guess I'll just hold on to them and wait to see if they are claimed.

[shawshankinmate37927]

so dooglus what are you going to do if those coins are still unclaimed for the next 5 yrs?

I really don't know.

People keep telling me I should do a big giveaway with them, but they're not mine to give away.

I guess I'll just hold on to them and wait to see if they are claimed.

If there's a next time, you should probably force investors and players to provide a withdrawal address or make it unmistakably clear that the BTC will be returned to the sending address, if the site is shutdown, before providing them a deposit address.

[romerun]

how about setting a dead line, after that, donate them for good causes, hurricane, flood, starvation, war etc

[BayAreaCoins]

how about setting a dead line, after that, donate them for good causes, hurricane, flood, starvation, war etc

Nah, what if they are in jail or something.

[Dabs]

so dooglus what are you going to do if those coins are still unclaimed for the next 5 yrs?

I really don't know.

People keep telling me I should do a big giveaway with them, but they're not mine to give away.

I guess I'll just hold on to them and wait to see if they are claimed.

If there's a next time, you should probably force investors and players to provide a withdrawal address or make it unmistakably clear that the BTC will be returned to the sending address, if the site is shutdown, before providing them a deposit address.

There is possible abuse if someone else finds out your deposit address if the site uses the most recent sending addresses. The site must therefore use the first sending address and make that the default emergency withdrawal address, and only upon account creation if there is no withdrawal address assigned yet.

Otherwise you'll have some guys depositing satoshis to all known JD addresses in the hopes that when the site must withdraw, he'll get what's left over.

Ideally, users must create a traditional account with password, activate two factor authentication (2FA), and set their emergency withdrawal address (EWA).

However, there are people who use web wallets or wallets with private keys they do not control, so it might not be a good idea to use any depositing bitcoins as the EWA.

The next best solution is to constantly remind users / players to set their 2FA and EWA.

In order to play, they have to create an account first or log in to their existing one. It's a bit more inconvenient than having instant accounts auto-created on your first visit with a secret url.

[dooglus]

how about setting a dead line, after that, donate them for good causes, hurricane, flood, starvation, war etc

But I don't like any of those things.

[SebastianJu]

how about setting a dead line, after that, donate them for good causes, hurricane, flood, starvation, war etc

But I don't like any of those things.

*lol* You made me laugh... i wouldnt like to donate to things like floods, hurricanes and so on...

[dooglus]

*lol* You made me laugh... i wouldnt like to donate to things like floods, hurricanes and so on...

They're mostly considered "acts of God" - and I think if He was accepting Bitcoin I would have seen it on reddit by now.

[Dabs]

Not everything is within God's domain.

Insurance companies regularly pay for fire. Eventually someone gets convicted for arson.

[DumbFruit]

Seems like the most logical thing to do is to put up those coins with an escrow for a year or two, after which they are forfeit and you can claim them. That way everyone knows you acted in good faith.

Or send them to 1BitcoinEaterAddressDontSendf59kuE

[dooglus]

Seems like the most logical thing to do is to put up those coins with an escrow for a year or two, after which they are forfeit and you can claim them. That way everyone knows you acted in good faith.

Or send them to 1BitcoinEaterAddressDontSendf59kuE

What escrow would I use, and why? The people who sent me the coins to look after trusted me, not some other third party.

And burning them seems like the worst thing to do with them. That would be like selling them for dollars and then burning the dollars. At least then I'd get to watch the fire. I'm much more of a fan of fire than of flood, famine, wind, or war.

[DumbFruit]

I was thinking you could give them to an escrow so that no one would think that you just took the remaining coins without allowing the owners to take them. Though it is pretty pointless since the owners could easily prove they were theirs if they kept the keys they used to send them to you. You also have a point, since they trusted you and not the escrow.

Hm. If you want to go really hardcore, you could follow the advice of Thomas Jefferson and keep them until the average lifespan has ended. By that time the debt should be wiped out, since the land is ruled by the living and not by the dead.

So you're presumably at least 8 years old, and the average lifespan in the US is 78 years, so you just need to hang on to those coins for another 70 years. You can think of it as a really late retirement account.

http://press-pubs.uchicago.edu/founders/documents/v1ch2s23.html

Edit: Canada has a life expectancy of 81, so adjust accordingly.

[itod]

1) Send dust to each account with an emergency address with a blockchain viewable note saying to look at website or here

This is a good idea. If anyone forgot he had some coins there fresh incoming transaction will very likely make them curios what happened. If no emergency address is set dust transaction to originating address could do the same.

[Dabs]

And what if the originating address is not a wallet they control? Like some web wallet? Or an old inputs.io account?

[dooglus]

Hm. If you want to go really hardcore, you could follow the advice of Thomas Jefferson and keep them until the average lifespan has ended. By that time the debt should be wiped out, since the land is ruled by the living and not by the dead.

So you're presumably at least 8 years old, and the average lifespan in the US is 78 years, so you just need to hang on to those coins for another 70 years. You can think of it as a really late retirement account.

I think your math is wrong. I'd have to keep the coins for 78 years, until I'm 78+8 years old.

And I'm a lot older than 8.